The EIU view

The Free National Movement government, led by Hubert Minnis, will make significant efforts to narrow the large fiscal deficit, although there will be some resistance to austerity measures. Firm economic expansion in the US, the main source of tourists to the Bahamas and the country's main trading partner, will support a tepid recovery in 2019 and we expect the overall pace of GDP growth to moderate slightly to 2% before decelerating to 1.6% in 2020.

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Bahamas added to EU’s tax-haven blacklist
The move will weaken foreign investment from the EU and poses downside risks to our GDP growth forecasts. However, we will keep our forecast for 2019 unchanged for now.